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17 Mar 2016
Sell the rallies in EUR/USD – Westpac
Strategist at Westpac Richard Franulovich has suggested selling the pair on bullish attempts into 1.1400.
Key Quotes
“EUR downside should continue to frustrate near term, the theme of an ever widening policy differential with the US now in tatters after Draghi signalled that the ECB is in no mood to ease again while the Fed has tacked in a clear dovish direction”.
“The hope for the USD from here has to be that the data continues to firm”.
“EUR could retest the 2016 year to date highs just shy of 1.14 in coming days but prefer to be a seller into these levels”.
Key Quotes
“EUR downside should continue to frustrate near term, the theme of an ever widening policy differential with the US now in tatters after Draghi signalled that the ECB is in no mood to ease again while the Fed has tacked in a clear dovish direction”.
“The hope for the USD from here has to be that the data continues to firm”.
“EUR could retest the 2016 year to date highs just shy of 1.14 in coming days but prefer to be a seller into these levels”.